LaSalle St. Investment Advisors LLC Acquires New Position in Celestica, Inc. $CLS

LaSalle St. Investment Advisors LLC bought a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,982 shares of the technology company’s stock, valued at approximately $1,088,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Celestica during the fourth quarter valued at approximately $28,000. Swiss RE Ltd. bought a new stake in shares of Celestica in the 4th quarter worth approximately $29,000. Cullen Frost Bankers Inc. bought a new stake in shares of Celestica in the 4th quarter worth approximately $30,000. Sittner & Nelson LLC purchased a new stake in shares of Celestica in the 4th quarter valued at $31,000. Finally, Ascentis Independent Advisors bought a new position in shares of Celestica during the 1st quarter valued at $29,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insider Buying and Selling at Celestica

In related news, CEO Robert Mionis sold 23,496 shares of Celestica stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total value of $8,514,715.44. Following the sale, the chief executive officer owned 23,396 shares in the company, valued at $8,478,476.44. The trade was a 50.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at approximately $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 356,553 shares of company stock worth $135,238,444. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wolfe Research lifted their target price on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. BMO Capital Markets raised their price objective on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Susquehanna raised their price objective on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. UBS Group reissued a “neutral” rating and issued a $410.00 target price on shares of Celestica in a research note on Wednesday, July 29th. Finally, Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $438.86.

Celestica Trading Up 0.4%

CLS opened at $302.45 on Friday. Celestica, Inc. has a one year low of $179.01 and a one year high of $474.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The business has a 50 day simple moving average of $343.11 and a two-hundred day simple moving average of $335.43. The firm has a market capitalization of $34.78 billion, a price-to-earnings ratio of 31.44 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same period last year, the company earned $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Analysts predict that Celestica, Inc. will post 9.97 EPS for the current year.

Celestica Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.